Getty Images (NYSE:GETY) Shares Gap Down – Here’s What Happened

Getty Images Holdings, Inc. (NYSE:GETY) shares gapped down prior to trading on Monday . The stock had previously closed at $2.19, but opened at $2.10. Getty Images shares last traded at $2.09, with a volume of 167,786 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have weighed in on GETY shares. Wedbush reiterated an “outperform” rating and issued a $7.70 price target on shares of Getty Images in a report on Thursday, March 13th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. Benchmark dropped their price objective on Getty Images from $6.00 to $4.50 and set a “buy” rating for the company in a report on Tuesday, March 18th. Citigroup restated a “neutral” rating and set a $2.45 price objective on shares of Getty Images in a report on Monday. Finally, Macquarie reaffirmed a “neutral” rating and set a $3.75 price target on shares of Getty Images in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $4.60.

Getty Images Trading Down 2.3 %

The business’s 50-day moving average is $2.42 and its two-hundred day moving average is $2.96. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $882.90 million, a PE ratio of 17.83 and a beta of 1.97.

Getty Images (NYSE:GETY) last posted its quarterly earnings data on Monday, March 17th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The firm had revenue of $247.30 million during the quarter, compared to analysts’ expectations of $245.50 million. Getty Images had a net margin of 5.91% and a return on equity of 6.42%. Getty Images’s quarterly revenue was up 9.5% on a year-over-year basis. On average, analysts predict that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.

Insider Buying and Selling at Getty Images

In other Getty Images news, CFO Jennifer Leyden sold 12,342 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total value of $27,152.40. Following the completion of the transaction, the chief financial officer now directly owns 261,034 shares of the company’s stock, valued at $574,274.80. This represents a 4.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Craig Warren Peters sold 32,753 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total transaction of $72,056.60. Following the completion of the transaction, the chief executive officer now directly owns 1,212,648 shares of the company’s stock, valued at approximately $2,667,825.60. The trade was a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 70,521 shares of company stock valued at $155,146 in the last ninety days. Insiders own 12.30% of the company’s stock.

Hedge Funds Weigh In On Getty Images

Several large investors have recently modified their holdings of the stock. Rhumbline Advisers lifted its position in shares of Getty Images by 3.6% during the fourth quarter. Rhumbline Advisers now owns 125,421 shares of the company’s stock worth $271,000 after purchasing an additional 4,359 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Getty Images by 15.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,897 shares of the company’s stock worth $80,000 after purchasing an additional 4,826 shares during the last quarter. FMR LLC lifted its position in shares of Getty Images by 5.0% during the third quarter. FMR LLC now owns 166,221 shares of the company’s stock worth $633,000 after purchasing an additional 7,897 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of Getty Images by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 28,255 shares of the company’s stock worth $61,000 after purchasing an additional 9,297 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Getty Images by 25.4% during the fourth quarter. JPMorgan Chase & Co. now owns 46,590 shares of the company’s stock worth $101,000 after purchasing an additional 9,434 shares during the last quarter. Institutional investors own 45.75% of the company’s stock.

About Getty Images

Getty Images Holdings, Inc offers creative and editorial visual content solutions in the Americas, Europe, the Middle East, Africa, and Asia-Pacific. Its products include Getty Images that offers creative and editorial content including stills, music and video which focuses on corporate, agency, and media customers; iStock.com, an e-commerce offering where customers have access to creative stills and video; Unsplash.com, a platform offering free stock photo downloads and paid subscriptions targeted to the high-growth prosumer and semi-professional creator segments; and Unsplash+ that provides access to unique model released content with expanded legal protections.